What are the formalities and costs for selling a houseAn article to make it clear for you.
Selling a home is a complex transaction that requires multiple steps and formalities. At the same time, you also need to understand the associated costs to ensure that you are getting the expected benefits. This article will give you a detailed introduction to the procedures and fees required to sell your home to help you complete the transaction smoothly.
1. Procedures for selling a house.
Home Inspection. Before you sell your home, you need to check your home to make sure that the title is clear, free of disputes, and that you know the actual condition of the home. You need to bring the house ownership certificate, ID card and other relevant documents to the local real estate management department for verification.
Sign a contract for the sale and purchase of a house.
After confirming the buyer's intentions, you need to sign a contract for the sale and purchase of the house, specifying the rights and obligations of both parties, as well as details such as when and how the house will be delivered.
Handle the transfer of ownership.
After signing the contract, you need to bring the relevant documents and materials to the local real estate management department to go through the transfer procedures. During this process, you will need to pay the relevant taxes and submit the relevant documents such as the house ownership certificate, ID card, etc.
Housing delivery. Once you have completed the closing procedures, you will need to deliver the home to the buyer at the time and in the manner agreed in the contract. During the delivery process, you need to pay attention to the cleaning and maintenance of the home, ensuring that the quality of the home meets the requirements of the home buyer.
Second, the cost of selling the house.
Vat. When selling a house, you need to pay LAT and the tax ratio varies according to the value added. The specific tax percentage needs to be determined according to local policies and relevant regulations.
Personal income tax.
If you make a profit when you sell your home, you will need to pay personal income tax. The specific tax percentage needs to be determined according to local policies and relevant regulations.
Stamp duty. When you sign a contract for the sale and purchase of a house, you need to pay stamp duty. The specific tax percentage needs to be determined according to local policies and relevant regulations.